New Jersey Institute of Technology (NJIT) spinout OculoMotor Technologies is garnering worldwide attention for the creation of virtual reality games that help optometrists offer vision therapy to their patients. The startup, which was founded by a management team that includes NJIT graduates John Vito d'Antonio-Bertagnolli and Chang Yaramothu and NJIT professor Tara L. Alvarez, recently became the third company to benefit from rent support through the New Jersey Economic Development Authority’s (NJEDA’s) NJ Ignite Program following its move to NJIT’s VentureLink business incubator.
NJ Ignite helps startup companies realize the benefits of collaborative workspaces – incubators, accelerators, and coworking spaces – by providing up to nine months of rent support for startup technology and life sciences businesses that are moving to an approved collaborative workspace. Statistics have shown that startups that operate from collaborative workspaces are far more likely to succeed than companies going it alone.
Read more about the IGNITE program here.